In December 2024, Hangzhou CMR Magnetics Co., Ltd. (CMR) was named a “Zhejiang Province Specialized, Refined, Featured and Innovative SME” by the Zhejiang Provincial Department of Economy and Information Technology. This honor underscores CMR’s core competitiveness in magnetic materials—its focus on niche markets, advanced technologies, distinctive products and innovative growth—while fueling further breakthroughs in new energy and high-frequency magnetic components.